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IndiaTV Business: Google News Feed: Digest for February 06, 2024

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Benchmark equity indices rebounded strongly in early trade on Friday, following a global market rally and increased buying in Reliance Industries and ICICI Bank. The 30-share BSE Sensex surged by 846.64 points to 72,491.94, while the Nifty rose by 256.55 points to 21,954.
Paytm CEO Vijay Shekhar Sharma reassured users on Friday, addressing concerns after the Reserve Bank of India (RBI) ordered its banking arm to cease accepting new deposits.
The income tax department has collected around Rs 4,600 crore in taxes from 56 lakh updated income tax returns filed by taxpayers in the past two years, according to Nitin Gupta, the Chief of the Central Board of Direct Taxes (CBDT).
In the late morning trading on Friday, the NSE Nifty surged to a record high by gaining 429 points and trading at 22,126.80, while the BSE Sensex rose by 1,444 points, reaching a day high of 73,089.40.
In response to the Reserve Bank of India's (RBI) recent restrictions on Paytm Payments Bank, Paytm CEO Vijay Shekhar Sharma has reassured users that the Paytm app will continue to operate normally beyond February 29.
Apple's revenue in India reached a record high in the December 2023 quarter, driven by robust sales of iPhones, according to Apple CEO Tim Cook.
The government expects the average monthly Goods and Services Tax (GST) collections to increase by 11 per cent to reach around Rs 1.85 lakh crore in the fiscal year 2024-25, compared to approximately Rs 1.66 lakh crore in the current fiscal year, according to Revenue Sanjay Malhotra.
Paytm Payments Bank: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led the Reserve Bank of India (RBI) to clamp down on tech poster boy Vijay Sekhar Sharma-run entities, sources said.
State Bank of India (SBI) has come forward to help Paytm customers following a ban on the latter's activities by the Reserve Bank of India from March 1. SBI Chairman Dinesh Kumar Khara said, "If there is a direction from the RBI to any effect, we will rescue the once-storied Paytm." However, he said that the company has no plans of going directly into the matter addressing the media during the third quarter earnings. 
Paytm Payments Bank: Traders' body CAIT today (February 4) issued a cautionary advisory to traders to switch from Paytm to other payment options for business-related transactions following RBI curbs on Paytm wallet and bank operations.
The income tax department has collected around Rs 4,600 crore in taxes from 56 lakh updated income tax returns filed by taxpayers in the past two years, according to Nitin Gupta, the Chief of the Central Board of Direct Taxes (CBDT).
In the late morning trading on Friday, the NSE Nifty surged to a record high by gaining 429 points and trading at 22,126.80, while the BSE Sensex rose by 1,444 points, reaching a day high of 73,089.40.
In response to the Reserve Bank of India's (RBI) recent restrictions on Paytm Payments Bank, Paytm CEO Vijay Shekhar Sharma has reassured users that the Paytm app will continue to operate normally beyond February 29.
Apple's revenue in India reached a record high in the December 2023 quarter, driven by robust sales of iPhones, according to Apple CEO Tim Cook.
The government expects the average monthly Goods and Services Tax (GST) collections to increase by 11 per cent to reach around Rs 1.85 lakh crore in the fiscal year 2024-25, compared to approximately Rs 1.66 lakh crore in the current fiscal year, according to Revenue Sanjay Malhotra.
Paytm Payments Bank: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led the Reserve Bank of India (RBI) to clamp down on tech poster boy Vijay Sekhar Sharma-run entities, sources said.
State Bank of India (SBI) has come forward to help Paytm customers following a ban on the latter's activities by the Reserve Bank of India from March 1. SBI Chairman Dinesh Kumar Khara said, "If there is a direction from the RBI to any effect, we will rescue the once-storied Paytm." However, he said that the company has no plans of going directly into the matter addressing the media during the third quarter earnings. 
Paytm Payments Bank: Traders' body CAIT today (February 4) issued a cautionary advisory to traders to switch from Paytm to other payment options for business-related transactions following RBI curbs on Paytm wallet and bank operations.
Paytm said on Sunday said that neither the company nor Vijay Shekhar Sharma, the CEO of One97, is currently under investigation by the enforcement directorate for money laundering.
Think and Learn released salaries for the month of January for its staff, with the company's founder and CEO, Raveendran Byju, reaching out to employees for their support during the firm's challenging phase, according to sources.
In response to the Reserve Bank of India's (RBI) recent restrictions on Paytm Payments Bank, Paytm CEO Vijay Shekhar Sharma has reassured users that the Paytm app will continue to operate normally beyond February 29.
Apple's revenue in India reached a record high in the December 2023 quarter, driven by robust sales of iPhones, according to Apple CEO Tim Cook.
The government expects the average monthly Goods and Services Tax (GST) collections to increase by 11 per cent to reach around Rs 1.85 lakh crore in the fiscal year 2024-25, compared to approximately Rs 1.66 lakh crore in the current fiscal year, according to Revenue Sanjay Malhotra.
Paytm Payments Bank: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led the Reserve Bank of India (RBI) to clamp down on tech poster boy Vijay Sekhar Sharma-run entities, sources said.
State Bank of India (SBI) has come forward to help Paytm customers following a ban on the latter's activities by the Reserve Bank of India from March 1. SBI Chairman Dinesh Kumar Khara said, "If there is a direction from the RBI to any effect, we will rescue the once-storied Paytm." However, he said that the company has no plans of going directly into the matter addressing the media during the third quarter earnings. 
Paytm Payments Bank: Traders' body CAIT today (February 4) issued a cautionary advisory to traders to switch from Paytm to other payment options for business-related transactions following RBI curbs on Paytm wallet and bank operations.
Paytm said on Sunday said that neither the company nor Vijay Shekhar Sharma, the CEO of One97, is currently under investigation by the enforcement directorate for money laundering.
Think and Learn released salaries for the month of January for its staff, with the company's founder and CEO, Raveendran Byju, reaching out to employees for their support during the firm's challenging phase, according to sources.
The BSE Sensex rose by 193.43 points, reaching 72,279.06 in early trade, while the Nifty gained 51.15 points, reaching 21,904.95.
The Reserve Bank of India (RBI) last week ordered Paytm Payments Bank to not take any further deposits, conduct credit transactions, or carry out top-ups on any customer accounts, prepaid instruments, wallets, or cards for paying road tolls after February 29.
Apple's revenue in India reached a record high in the December 2023 quarter, driven by robust sales of iPhones, according to Apple CEO Tim Cook.
The government expects the average monthly Goods and Services Tax (GST) collections to increase by 11 per cent to reach around Rs 1.85 lakh crore in the fiscal year 2024-25, compared to approximately Rs 1.66 lakh crore in the current fiscal year, according to Revenue Sanjay Malhotra.
Paytm Payments Bank: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led the Reserve Bank of India (RBI) to clamp down on tech poster boy Vijay Sekhar Sharma-run entities, sources said.
State Bank of India (SBI) has come forward to help Paytm customers following a ban on the latter's activities by the Reserve Bank of India from March 1. SBI Chairman Dinesh Kumar Khara said, "If there is a direction from the RBI to any effect, we will rescue the once-storied Paytm." However, he said that the company has no plans of going directly into the matter addressing the media during the third quarter earnings. 
Paytm Payments Bank: Traders' body CAIT today (February 4) issued a cautionary advisory to traders to switch from Paytm to other payment options for business-related transactions following RBI curbs on Paytm wallet and bank operations.
Paytm said on Sunday said that neither the company nor Vijay Shekhar Sharma, the CEO of One97, is currently under investigation by the enforcement directorate for money laundering.
Think and Learn released salaries for the month of January for its staff, with the company's founder and CEO, Raveendran Byju, reaching out to employees for their support during the firm's challenging phase, according to sources.
The BSE Sensex rose by 193.43 points, reaching 72,279.06 in early trade, while the Nifty gained 51.15 points, reaching 21,904.95.
The Reserve Bank of India (RBI) last week ordered Paytm Payments Bank to not take any further deposits, conduct credit transactions, or carry out top-ups on any customer accounts, prepaid instruments, wallets, or cards for paying road tolls after February 29.
The Uttar Pradesh government's budget for the fiscal year 2024-25 has allocated Rs 100 crore for organising Mahakumbh-2025. Additionally, funds have been provided for various cultural and research initiatives, including the establishment of an International Ramayana and Vedic Research Institute in Ayodhya.
Apple's revenue in India reached a record high in the December 2023 quarter, driven by robust sales of iPhones, according to Apple CEO Tim Cook.
The government expects the average monthly Goods and Services Tax (GST) collections to increase by 11 per cent to reach around Rs 1.85 lakh crore in the fiscal year 2024-25, compared to approximately Rs 1.66 lakh crore in the current fiscal year, according to Revenue Sanjay Malhotra.
Paytm Payments Bank: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led the Reserve Bank of India (RBI) to clamp down on tech poster boy Vijay Sekhar Sharma-run entities, sources said.
State Bank of India (SBI) has come forward to help Paytm customers following a ban on the latter's activities by the Reserve Bank of India from March 1. SBI Chairman Dinesh Kumar Khara said, "If there is a direction from the RBI to any effect, we will rescue the once-storied Paytm." However, he said that the company has no plans of going directly into the matter addressing the media during the third quarter earnings. 
Paytm Payments Bank: Traders' body CAIT today (February 4) issued a cautionary advisory to traders to switch from Paytm to other payment options for business-related transactions following RBI curbs on Paytm wallet and bank operations.
Paytm said on Sunday said that neither the company nor Vijay Shekhar Sharma, the CEO of One97, is currently under investigation by the enforcement directorate for money laundering.
Think and Learn released salaries for the month of January for its staff, with the company's founder and CEO, Raveendran Byju, reaching out to employees for their support during the firm's challenging phase, according to sources.
The BSE Sensex rose by 193.43 points, reaching 72,279.06 in early trade, while the Nifty gained 51.15 points, reaching 21,904.95.
The Reserve Bank of India (RBI) last week ordered Paytm Payments Bank to not take any further deposits, conduct credit transactions, or carry out top-ups on any customer accounts, prepaid instruments, wallets, or cards for paying road tolls after February 29.
The Uttar Pradesh government's budget for the fiscal year 2024-25 has allocated Rs 100 crore for organising Mahakumbh-2025. Additionally, funds have been provided for various cultural and research initiatives, including the establishment of an International Ramayana and Vedic Research Institute in Ayodhya.
The government expects the average monthly Goods and Services Tax (GST) collections to increase by 11 per cent to reach around Rs 1.85 lakh crore in the fiscal year 2024-25, compared to approximately Rs 1.66 lakh crore in the current fiscal year, according to Revenue Sanjay Malhotra.
Paytm Payments Bank: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led the Reserve Bank of India (RBI) to clamp down on tech poster boy Vijay Sekhar Sharma-run entities, sources said.
State Bank of India (SBI) has come forward to help Paytm customers following a ban on the latter's activities by the Reserve Bank of India from March 1. SBI Chairman Dinesh Kumar Khara said, "If there is a direction from the RBI to any effect, we will rescue the once-storied Paytm." However, he said that the company has no plans of going directly into the matter addressing the media during the third quarter earnings. 
Paytm Payments Bank: Traders' body CAIT today (February 4) issued a cautionary advisory to traders to switch from Paytm to other payment options for business-related transactions following RBI curbs on Paytm wallet and bank operations.
Paytm said on Sunday said that neither the company nor Vijay Shekhar Sharma, the CEO of One97, is currently under investigation by the enforcement directorate for money laundering.
Think and Learn released salaries for the month of January for its staff, with the company's founder and CEO, Raveendran Byju, reaching out to employees for their support during the firm's challenging phase, according to sources.
The BSE Sensex rose by 193.43 points, reaching 72,279.06 in early trade, while the Nifty gained 51.15 points, reaching 21,904.95.
The Reserve Bank of India (RBI) last week ordered Paytm Payments Bank to not take any further deposits, conduct credit transactions, or carry out top-ups on any customer accounts, prepaid instruments, wallets, or cards for paying road tolls after February 29.
The Uttar Pradesh government's budget for the fiscal year 2024-25 has allocated Rs 100 crore for organising Mahakumbh-2025. Additionally, funds have been provided for various cultural and research initiatives, including the establishment of an International Ramayana and Vedic Research Institute in Ayodhya.
The central government on Tuesday is set to introduce 'Bharat rice' at a subsidised rate of Rs 29 per kg, aiming to alleviate the impact of a 15 per cent surge in retail rice prices over the past year. The discounted rice will be made available in 5 kg and 10 kg packs. Union Food Minister Piyush Goyal is slated to launch Bharat rice at Kartavya Path in the national capital, an official release stated.
Paytm Payments Bank: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led the Reserve Bank of India (RBI) to clamp down on tech poster boy Vijay Sekhar Sharma-run entities, sources said.
State Bank of India (SBI) has come forward to help Paytm customers following a ban on the latter's activities by the Reserve Bank of India from March 1. SBI Chairman Dinesh Kumar Khara said, "If there is a direction from the RBI to any effect, we will rescue the once-storied Paytm." However, he said that the company has no plans of going directly into the matter addressing the media during the third quarter earnings. 
Paytm Payments Bank: Traders' body CAIT today (February 4) issued a cautionary advisory to traders to switch from Paytm to other payment options for business-related transactions following RBI curbs on Paytm wallet and bank operations.
Paytm said on Sunday said that neither the company nor Vijay Shekhar Sharma, the CEO of One97, is currently under investigation by the enforcement directorate for money laundering.
Think and Learn released salaries for the month of January for its staff, with the company's founder and CEO, Raveendran Byju, reaching out to employees for their support during the firm's challenging phase, according to sources.
The BSE Sensex rose by 193.43 points, reaching 72,279.06 in early trade, while the Nifty gained 51.15 points, reaching 21,904.95.
The Reserve Bank of India (RBI) last week ordered Paytm Payments Bank to not take any further deposits, conduct credit transactions, or carry out top-ups on any customer accounts, prepaid instruments, wallets, or cards for paying road tolls after February 29.
The Uttar Pradesh government's budget for the fiscal year 2024-25 has allocated Rs 100 crore for organising Mahakumbh-2025. Additionally, funds have been provided for various cultural and research initiatives, including the establishment of an International Ramayana and Vedic Research Institute in Ayodhya.
The central government on Tuesday is set to introduce 'Bharat rice' at a subsidised rate of Rs 29 per kg, aiming to alleviate the impact of a 15 per cent surge in retail rice prices over the past year. The discounted rice will be made available in 5 kg and 10 kg packs. Union Food Minister Piyush Goyal is slated to launch Bharat rice at Kartavya Path in the national capital, an official release stated.
Business news: Paytm on Monday (February 5) issued a statement denying reports of an Enforcement Directorate investigation or violation of Foreign Exchange rules by the company or its associate Paytm Payments Bank Limited. This comes after Reuters, quoting two senior officials, claimed that the ED was probing the company, however, there was no formal communication thus far. Paytm's parent company, One97 Communications Limited (OCL), claimed that the reports are "entirely misleading, baseless and malicious".
Paytm Payments Bank: Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had led the Reserve Bank of India (RBI) to clamp down on tech poster boy Vijay Sekhar Sharma-run entities, sources said.
State Bank of India (SBI) has come forward to help Paytm customers following a ban on the latter's activities by the Reserve Bank of India from March 1. SBI Chairman Dinesh Kumar Khara said, "If there is a direction from the RBI to any effect, we will rescue the once-storied Paytm." However, he said that the company has no plans of going directly into the matter addressing the media during the third quarter earnings. 
Paytm Payments Bank: Traders' body CAIT today (February 4) issued a cautionary advisory to traders to switch from Paytm to other payment options for business-related transactions following RBI curbs on Paytm wallet and bank operations.
Paytm said on Sunday said that neither the company nor Vijay Shekhar Sharma, the CEO of One97, is currently under investigation by the enforcement directorate for money laundering.
Think and Learn released salaries for the month of January for its staff, with the company's founder and CEO, Raveendran Byju, reaching out to employees for their support during the firm's challenging phase, according to sources.
The BSE Sensex rose by 193.43 points, reaching 72,279.06 in early trade, while the Nifty gained 51.15 points, reaching 21,904.95.
The Reserve Bank of India (RBI) last week ordered Paytm Payments Bank to not take any further deposits, conduct credit transactions, or carry out top-ups on any customer accounts, prepaid instruments, wallets, or cards for paying road tolls after February 29.
The Uttar Pradesh government's budget for the fiscal year 2024-25 has allocated Rs 100 crore for organising Mahakumbh-2025. Additionally, funds have been provided for various cultural and research initiatives, including the establishment of an International Ramayana and Vedic Research Institute in Ayodhya.
The central government on Tuesday is set to introduce 'Bharat rice' at a subsidised rate of Rs 29 per kg, aiming to alleviate the impact of a 15 per cent surge in retail rice prices over the past year. The discounted rice will be made available in 5 kg and 10 kg packs. Union Food Minister Piyush Goyal is slated to launch Bharat rice at Kartavya Path in the national capital, an official release stated.
Business news: Paytm on Monday (February 5) issued a statement denying reports of an Enforcement Directorate investigation or violation of Foreign Exchange rules by the company or its associate Paytm Payments Bank Limited. This comes after Reuters, quoting two senior officials, claimed that the ED was probing the company, however, there was no formal communication thus far. Paytm's parent company, One97 Communications Limited (OCL), claimed that the reports are "entirely misleading, baseless and malicious".
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